Mavryk Dynamics, the team developing Mavryk Network, a layer-1 blockchain designed to democratize real-world asset (RWA) ownership, has secured over $5 million in funding for its RWA network economy. The investment positions the company to transform how individuals interact with RWAs and decentralized finance (DeFi).
Mavryk Network, which recently launched its testnet ahead of an upcoming TGE, provides a user-friendly blockchain-based environment for RWA tokenization and seamless DeFi integration, setting the scene for a thriving ecosystem that provides direct value to users.
Mavryk aims to create an accessible digital commonwealth for asset tokenization, and the L1 has already secured over $360 million in RWAs ready for tokenization. The $5 million investment round was led by leading VCs such as Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures, and Atlas Fund, alongside commitments from Draper Gorne Holme, Blockchain Alpha, Wentworth Hall Family Office, AngelDAO, and Everest Ventures.
Combining traditional finance principles with DeFi innovation, Mavryk’s non-custodial features include an on-chain protocol treasury, liquidity mining, bug bounties, and grants. Its innovative architecture is underpinned by strategic tokenomics that prioritize stakeholder prosperity and user security. The founders, veterans in blockchain ecosystem developments, pioneered open-source initiatives – including a new RWA token standard – as well as multiple RWA DEXs for non-custodial trading and lending/borrowing applications.
“We’re creating a future where traditional, analog assets seamlessly integrate into a digital network economy, unlocking investment opportunities that were once exclusive to a privileged few and making them accessible to investors around the globe,” said Alex Davis, founder of Mavryk.
“We chose to invest in Mavryk because we firmly believe in the transformative potential of RWA markets as a tangible and impactful use case,” said Aylon Morley from Wentworth Fall Family Office. “Mavryk’s robust infrastructure and experienced team bring maturity and innovation to the table.”
Mavryk’s testnet, which mirrors its mainnet functionality, provides users with a risk-free environment to experiment with the network’s features, test decentralized applications (dApps), purchase fractional test shares of real-world investments, submit feedback, and earn testnet rewards.
About Mavryk:
Mavryk is the Layer-1 blockchain designed to revolutionize asset ownership and nurture the RWA community building the tokenization of assets for tomorrow. By leveraging RWA tokenization, DeFi applications, and robust infrastructure, Mavryk aims to transform how individuals interact with and leverage tokenized assets. Our vision is to create an interconnected network economy through the seamless integration of RWA with DeFi.
This post was last modified on Feb 25, 2025, 16:37 GMT 16:37